Business News
Indian shares drop more than 4 per cent on global cues (Roundup)
Aug 17, 2009, 12:01 GMT
New Delhi - Indian shares dropped more than 4 per cent Monday due to profit-taking and weak global cues.
The 30-share sensitive index Sensex of the Bombay Stock Exchange closed at 14,784, down 4.07 per cent from its previous close, with realty and metals counters suffering the heaviest losses.
The broader 50-share Nifty of the National Stock Exchange closed at 4,387.90, down 4.20 per cent from its previous close.
Analysts said a correction in global markets, a sharp fall in Chinese markets and the domestic concerns on drought were hurting market sentiments.
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